Pascal Rossingol, Reuters | A protester wearing a yellow vest, the symbol of a French drivers' protest against higher diesel fuel prices, holds a flag near burning debris at the approach to a motorway in Fontaine-Notre-Dame, France, December 4, 2018.

French prime minister Édouard Philippe announced on Tuesday that the government would postpone a controversial fuel tax hike, but analysts say that this is unlikely to stem ‘yellow vest’ protesters' anger.

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Philippe announced a suspension of planned increases in three taxes on fuel for a six-month period in response to nationwide protests against high pump prices and rising living costs.

Along with this delay to the tax increases that were set for January, Philippe said the time would be used to discuss other measures to help the working poor and squeezed middle-class who rely on vehicles to get to work and go shopping.

The measures will cost around 2 billion euros ($2.3 billion), but will be offset by corresponding spending cuts, a government source said.

The last rocky six months of Macron's term

That is while government spokesperson Benjamin Griveaux said on Wednesday that French President Macron’s administration is also open to reversing its cuts to a wealth tax, another source of grievance for protesters. "If a measure that we have taken, which is costing the public money, turns out not to be working, if it's not going well, we're not stupid - we would change it," he told RTL radio.

‘The French don't want crumbs, they want a baguette’

Despite having no leader and sometimes unclear goals, the ‘yellow vests’ movement has spread from protests over fuel tax increases to a broader uprising against Macron, who has been nicknamed “president of the rich”.

While the "yellow vest" movement was mostly peaceful to begin with, the past two weekends have seen outpourings of violence and rioting in Paris, with extreme far-right and far-left factions joining the demos.

On Saturday, the Arc de Triomphe national monument was defaced and avenues off the Champs Élysées were damaged. Cars, buildings and some cafés were torched.

Over the past two days, ambulance drivers and students have joined in and launched their own protests.

Two unions, CGT and FO, called lorry drivers to start a strike from December 9 while several Facebook pages were also urging new rounds of demonstrations for next Saturday.

After three weeks of rising frustration, there was little sign Philippe's measures would placate the "yellow vests".

"The French don't want crumbs, they want a baguette," 'yellow vest' spokesman Benjamin Cauchy told French news channel BFM, adding that the movement called for a cancellation of the taxes.

Another protester, Christophe Chalencon, was more blunt: "We're being taken for idiots," he told Reuters, using a stronger expletive.

“I would say that 99 percent of the ‘yellow vests’ who spoke on French media yesterday were saying that this is definitely not enough, that whatever the prime minister announced on Tuesday, he could have gone a lot further,” said FRANCE 24 French Affairs Editor Philip Turle.

“There was one word that really ruined it all for the protesters, and that was ‘postponement’,” Turle continued. “I think that’s where the protesters feel they have been ridiculed by Macron. So they’re saying: we’re not going to take our yellow vests off, we’re going to leave them on, because in six months we’re going to be coming back again.”

“At best, Philippe’s announcement is a temporary fix for one of the questions that the movement’s about,” added Oliver Davis, a professor of French politics at the University of Warwick, in an interview with FRANCE 24. “I don’t think it’s going to be enough to stem the protests.”

‘I don’t think it’s going to be enough to stem the protests'

Le Pen, Trump chip in

Macron came to office in mid-2017 promising to overhaul the economy, revitalise growth and draw foreign investment by making the nation a more attractive place to do business.

For the self-declared “Jupiterian” president, who is sharply down in the polls and struggling to regain the initiative, a further risk is how opposition parties leverage the anger and the decision to shift course.

Ahead of European Parliament elections next May, support for the far-right under Marine Le Pen and the far-left of Jean-Luc Mélenchon has been rising. Macron has cast those elections as a battle between his "progressive" ideas and what he sees as their promotion of nationalist or anti-EU agendas.

Le Pen was quick to point out that the six-month postponement of the fuel-tax increases took the decision beyond the European elections.

She was not the only right-wing populist to take a swipe at Macron over the ‘yellow vest’ protesters.

"I am glad that my friend @EmmanuelMacron and the protesters in Paris have agreed with the conclusion I reached two years ago," US President Donald Trump tweeted late on Tuesday.

"The Paris Agreement is fatally flawed because it raises the price of energy for responsible countries while whitewashing some of the worst polluters," said Trump, referring to a global deal on the environment drafted in Paris in late 2015. Macron’s proposed fuel tax hikes are aimed at encouraging motorists to switch from petrol and diesel cars to more ecologically-friendly alternatives.